v3.26.1
REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Sales Disaggregated by Product and Service
External segment sales disaggregated by product and service are as follows:

Three Months Ended
 June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
Sales Type
Product$3,055 $2,970 $5,269 $5,289 
Service317 282 604 535 
Climate Solutions Americas sales3,372 3,252 5,873 5,824 
Product1,187 1,137 2,341 2,208 
Service137 116 276 214 
Climate Solutions Europe sales1,324 1,253 2,617 2,422 
Product712 697 1,354 1,357 
Service205 185 397 351 
Climate Solutions Asia Pacific, Middle East & Africa sales917 882 1,751 1,708 
Product680 673 1,337 1,275 
Service58 53 114 102 
Climate Solutions Transportation sales738 726 1,451 1,377 
Net sales$6,351 $6,113 $11,692 $11,331 
Geographic external sales are attributed to the geographic regions based on their location of origin. With the exception of the United States as presented in the table below, there were no individually significant countries with sales exceeding 10% of total sales during the three and six months ended June 30, 2026 and 2025.

Three Months Ended
 June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
United States $3,536 $3,429 $6,192 $6,168 
International:
Europe1,581 1,520 3,130 2,920 
Asia Pacific1,029 981 2,016 1,922 
Other205 183 354 321 
Net sales$6,351 $6,113 $11,692 $11,331 
Schedule of Contract Assets and Liabilities
Total contract assets and contract liabilities consisted of the following:

(In millions)June 30,
2026
December 31,
2025
Contract assets (included within Other current assets)
$450 $499 
Contract assets, non-current (included within Other assets)
14 83 
Total contract assets464 582 
Contract liabilities (included within Accrued liabilities)
(816)(691)
Contract liabilities, non-current (included within Other long-term liabilities)
(217)(203)
Total contract liabilities (1,033)(894)
Net contract assets (liabilities)$(569)$(312)